M&A - Flora Growth Corp.

Form Type: 8-K

Filing Date: 2025-02-05

Corporate Action: Acquisition

Type: New

Accession Number: 000106299325001745

Filing Summary: On January 30, 2025, Flora Growth Corp. entered into a Share Purchase Agreement with United Beverage Distribution Inc. to acquire 100% of the issued and outstanding common shares of United. The agreement stipulates that Flora will pay for the acquisition by issuing 923,744 shares of common stock (representing 4.99% of Flora's outstanding shares) and providing promissory notes totaling $2,845,700, maturing in five years and accruing 6% annual interest. The transaction was completed on February 4, 2025, and the terms of the agreement were approved by the disinterested directors of Flora. The relevant documents, including the Share Purchase Agreement and the form of Notes, are attached as exhibits to this filing.